OctaFX | OctaFX Forex Broker
    Anmelden
      Konto eröffnen
      Back

      EUR/USD still room for a squeeze higher – Scotiabank

      FXStreet (Edinburgh) - Eric Theoret, Currency Strategist at Scotiabank, sees the likeliness of another bullish attempt in the pair in the near term.

      Key Quotes

      “We still rather think the main risk for spot lies to the downside in the medium‐term but heightened volatility and uncertainty in EM FX are forcing market participants to cover core positions and trade more defensively”.

      “We see little real attraction in the EUR in this environment; uncertainty only makes additional ECB easing measures that much more likely in the months ahead”.

      “Yesterday was a good day for the EUR technically so, although we don’t like the EUR’s outlook, we have to concede that near‐term risks are tilted higher than we expected—perhaps a test of the 1.1240/80 region”.

      NZD/USD extend gains and hits 3-day highs

      The New Zealand dollar is among the top performers on Thursday and against the US dollar extended gains. NZD/USD having the best day in weeks but is still below the level it opened in Monday.
      Mehr darüber lesen Previous

      EUR/USD extends gains, eyes 1.1300

      EUR/USD climbed further at the beginning of the American session and printed fresh 3-day highs as the dollar continues to underperform following a mixed bag of US data.
      Mehr darüber lesen Next
      Start livechat